Packaging plays a crucial role in the entire supply chain of any manufacturing industry. This is the area of the supply chain where industries are making huge investments not only to ensure the safety of their products but also to ease the transportation from their manufacturing units to the suppliers or dealers. In the past few years, metal packaging solutions manufactured and supplied by the top metal packaging company in India have emerged as the most preferred choice. Through metal packaging, industries are protecting their products from all types of environmental effects.
The metal packaging market is all set to see a phenomenal growth
Rapidly growing manufacturing activities across the country and the world, changing consumer behavior, and thriving food and beverages industry are the driving factors behind the growth of metal packaging solutions supplied by the metal containers and tin can supplier in India. As per a recently released report by the Industry ARC, the metal packaging market is going to register a phenomenal growth at a CAGR of 2.70% by the end of the year 2025.
Global Metal Packaging Market Industry Analysis
Pharmaceutical
The pharmaceutical industry is one of the major consumers of high-quality metal packaging solutions. Different types of ointments, creams, lotions, metal sterilizers, and tablet wrappers are some of the most common products that are packaged using metal packaging solutions made and supplied by the top metal packaging company in India. The Population Reference Bureau is of the view that the world population is going to reach the 9 billion mark by the end of the year 2050. Accordingly, the demand for metal packaging solutions is anticipated to grow while further fuelling the growth of the metal packaging industry.
Food and beverages industry
The food and beverages industry was the first industry sector that started using metal packaging solutions made and supplied by the leading metal packaging company in India. With the growing income of the people belonging to the middle-income groups of the society, the behavior of consumers has changed drastically in the past 20 years. People are moving towards everything readymade including food and beverage items.
Another reason for metal packaging consumption by the food and beverages industry is that metal cans and other forms of containers not only suit best to food and non-food products but also enhance their shelf life and external appearance.
New Markets Segments
With the ever-growing popularity of metal packaging solutions manufactured and supplied by the leading tin can supplier in India, some non-traditional market segments have also emerged in the past few years. Wine markets have become the largest consumers of aluminum and tin cans. Aluminum screw caps have become immensely popular with the wine markets across the globe. They have now become the most preferred materials as wine closures and finding applications in more than 30% of wine bottles.
Concluding Remarks
Hindustan Tin Works Ltd. is a leading metal packaging company in India. The company manufactures and supplies high-performance cans, printed sheets, and related components to consumer marketing companies in India and abroad. Hindustan Tin Works Ltd. boasts of serving some of the leading brands such as Asian Paints, Amul, Bikanerwala, DS Group, Del Monte, Danone India, Haldiram, Nestle India Ltd, Patanjali, Reckitt Benckiser, and many more.